Diversified Commercial Services
Quarterly Result30 March 2026 at 09:38 am

Mizzen Ventures Ltd Allots 8,10,000 Equity Shares Upon Conversion of Warrants

AI Summary

Mizzen Ventures Limited (formerly known as Jyothi Infraventures Limited) has approved and allotted 8,10,000 equity shares of face value ₹10/- each, upon conversion of 8,10,000 warrants. The allotment has been made to the respective allottee upon receipt of the balance consideration of ₹3,15,90,000/- (Rupees Three Crore Fifteen Lakh Ninety Thousand only), being 75% of the issue price of ₹52/- (Rupees Fifty-Two only) per warrant. The equity shares so allotted shall rank pari passu in all respects with the existing equity shares of the Company. This allotment has increased the paid-up share capital of the Company to ₹21,99,50,000/- (Rupees Twenty-One Crore Ninety-Nine Lakh Fifty Thousand only), comprising 2,19,95,000 equity shares of face value ₹10/- each. The Board Meeting was held on 30th March 2026, from 2 pm (IST) to 2.45 pm (IST).

Key Highlights

  • Mizzen Ventures Ltd has allotted 8,10,000 equity shares upon conversion of warrants.
  • The allotment was made upon receipt of 75% of the issue price of the warrants.
  • The equity shares allotted rank pari passu with the existing equity shares of the Company.
  • The paid-up share capital of the Company has increased to ₹21,99,50,000/-.
  • The Board Meeting was held on 30th March 2026.